Rambus Inc. (NASDAQ:RMBS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Rambus Inc. (NASDAQ:RMBS) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249,746 shares of the semiconductor company’s stock after purchasing an additional 5,761 shares during the period. Charles Schwab Investment Management Inc. owned about 1.17% of Rambus worth $66,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV raised its position in Rambus by 2.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,925 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 246 shares in the last quarter. Quarry LP raised its position in shares of Rambus by 40.3% during the 3rd quarter. Quarry LP now owns 919 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 264 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Rambus by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 38,956 shares of the semiconductor company’s stock worth $1,645,000 after acquiring an additional 318 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Rambus by 4.3% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,550 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 350 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Rambus by 8.6% during the 4th quarter. Blue Trust Inc. now owns 4,411 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

Rambus Trading Down 0.8 %

Shares of RMBS stock opened at $51.55 on Wednesday. The business’s 50 day moving average is $59.71 and its two-hundred day moving average is $52.27. Rambus Inc. has a twelve month low of $37.43 and a twelve month high of $69.15. The company has a market capitalization of $5.51 billion, a P/E ratio of 31.05 and a beta of 1.25.

Insider Buying and Selling at Rambus

In other Rambus news, Director Meera Rao sold 5,408 shares of Rambus stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $58.22, for a total value of $314,853.76. Following the transaction, the director now directly owns 29,090 shares in the company, valued at approximately $1,693,619.80. This trade represents a 15.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 4,625 shares of Rambus stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $66.74, for a total value of $308,672.50. Following the completion of the sale, the director now owns 42,000 shares in the company, valued at approximately $2,803,080. This trade represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,360 shares of company stock worth $4,182,809. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

RMBS has been the topic of several research analyst reports. Susquehanna raised their target price on Rambus from $66.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. Robert W. Baird set a $90.00 target price on Rambus in a research report on Monday, February 3rd. Baird R W raised Rambus to a “strong-buy” rating in a research report on Monday, November 25th. Wells Fargo & Company lifted their price target on Rambus from $62.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Rambus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $76.71.

About Rambus

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.